Securities fraud or investment fraud is a serious problem. Many investors have experienced significant losses totaling thousands and sometimes millions of dollars because of broker misconduct or brokerage firm negligence.
Broker and brokerage firm misconduct may include the following:
- Unauthorized trading
- Unsuitable trades
- Churning
- Improper asset allocation
- Misrepresentation and omission of important facts
- Urging investors to liquefy home equity
- Inappropriate trading in risky structured products, such as equity indexed annuities, bonds and credit default swaps
Investors are usually required to agree to resolve any disputes that may arise by way of arbitration. The arbitration forum in which securities fraud and stockbroker negligence cases are heard is operated by FINRA (the Financial Industry Regulatory Authority), formerly known as the National Association of Securities Dealers.
The objectivity of the individuals sitting on the arbitration panel and deciding your case may come into question, such as with arbitration panel members who have ties to the securities industry. Clients of Dimond Kaplan & Rothstein, P.A., may stand to benefit from the removal of securities industry arbitrators whose point of view may be less than objective.
Dimond Kaplan & Rothstein, P.A.'s lawyer actively lobby in support of removal of securities industry arbitrators. We speak directly with FINRA representatives seeking a change in rules to help ensure a more balanced and fair arbitration panel for our clients whose life savings are on the line.
Contact a Miami Securities Arbitration Lawyer
Learn more about our advocacy on behalf of cheated investors — and about how we can help promote a safe, fair dispute resolution atmosphere to level the playing field between investors and brokerage firms in the face of investment losses. Contact Dimond Kaplan & Rothstein, P.A., to schedule a consultation with a New York City, Los Angeles or Florida securities fraud attorney.
